Brokerages Set Nutrien Ltd. (NYSE:NTR) Target Price at $60.13

Shares of Nutrien Ltd. (NYSE:NTR) have been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $60.13.

A number of research analysts have commented on NTR shares. Barclays lifted their price objective on shares of Nutrien from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th. Raymond James raised shares of Nutrien from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Piper Sandler increased their price target on shares of Nutrien from $58.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Nutrien in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of Nutrien from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $40.00 to $50.00 in a report on Monday, January 13th.

Institutional Trading of Nutrien

Several large investors have recently modified their holdings of NTR. Vanguard Group Inc. boosted its position in Nutrien by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,778,500 shares of the company’s stock worth $885,009,000 after acquiring an additional 325,210 shares during the last quarter. Dodge & Cox boosted its position in Nutrien by 0.3% during the fourth quarter. Dodge & Cox now owns 12,523,259 shares of the company’s stock worth $560,416,000 after acquiring an additional 40,800 shares during the last quarter. Silchester International Investors LLP boosted its position in Nutrien by 9.5% during the fourth quarter. Silchester International Investors LLP now owns 11,693,137 shares of the company’s stock worth $523,268,000 after acquiring an additional 1,009,895 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Nutrien by 0.8% during the fourth quarter. First Eagle Investment Management LLC now owns 9,529,311 shares of the company’s stock worth $426,436,000 after acquiring an additional 77,174 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Nutrien by 11.3% during the fourth quarter. Deutsche Bank AG now owns 7,105,057 shares of the company’s stock worth $317,951,000 after acquiring an additional 721,935 shares during the last quarter. 63.10% of the stock is currently owned by institutional investors and hedge funds.

Nutrien Trading Up 0.2 %

NYSE NTR opened at $52.46 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.82 and a current ratio of 1.27. The firm has a market cap of $25.67 billion, a PE ratio of 38.29, a P/E/G ratio of 1.19 and a beta of 0.81. Nutrien has a one year low of $43.70 and a one year high of $60.87. The firm’s fifty day moving average is $51.59 and its two-hundred day moving average is $48.79.

Nutrien (NYSE:NTR) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.09 billion. Nutrien had a net margin of 2.62% and a return on equity of 6.81%. Analysts expect that Nutrien will post 3.72 earnings per share for the current year.

Nutrien Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.18 annualized dividend and a dividend yield of 4.16%. Nutrien’s dividend payout ratio is presently 159.12%.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.